Given that a roof replacement can be a significant investment, most homeowners prefer working with roofing companies that offer financing options. The benefits of working with a roofer that offers financing options include:
Budget Flexibility
Homeowners have their own unique set of needs that require a certain degree of flexibility, something which most standard financing options are not able to provide. Fortunately, the financing options offered by roofers offer more flexibility. For instance, if a homeowner wants to spread payments over a longer period of time, they have the option of choosing a longer amortization period. Some contractors offer amortization periods as long as 180 months.
Fixed Monthly Rates
Variable interest rates can be problematic: a single percentage point increase is enough to blow even a meticulously planned budget. That’s why if you want to make sure your project stays well within budget, you may want to choose fixed monthly rates. A roofing contractor can help you get competitive fixed monthly rates. Roofing companies often partner with financial institutions to provide financing to their customers. Thanks to volume lending, roofing companies can get competitive interest rates, which they can pass on to you.
Easy-to-Understand Terms and Conditions
A lot of homeowners are hesitant about taking out a loan because of the complicated finance jargon in contracts. You won’t have to worry about this if you’re working with a roofing contractor for your project’s financing – the conditions of the loan are usually laid out in simple, easy-to-understand terms. If they’re not, that’s a red flag in itself.
One more thing: to protect the returns on investment on your roofing project, only hire experienced contractors. Lower bids offered by less experienced roofers may be tempting, but these roofers are prone to making costly installation errors.
New View Roofing, a locally owned and operated company, offers a wide range of professional roofing services, including roofing financing. To get a free roof inspection, call us at (469) 232-7220, or fill out this form. We serve homeowners in Dallas, TX, as well as the surrounding communities.
